Bloomberg recently published an article addressing the significant economic risks facing the world due to the ongoing war in Ukraine, high inflation, and increasing prices of fuel and essential goods. The piece features insights from three prominent market experts who have identified potential future risks.
Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University lecturer, highlights the concern of insufficient labor and inadequate skills development among young people who will shape the future workforce. Cohen emphasizes the importance of investing in research, training, and education to ensure the well-being of workers and their families. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, expresses worry over the possibility of a more lethal virus emerging, causing greater harm than the current pandemic. He argues that adequate systems must be in place to prevent future outbreaks from turning into pandemics. Ken Moelis, founder and CEO of Moelis & Co., anticipates a trend towards deglobalization, driven by nations prioritizing self-sufficiency in food and energy to protect against economic instability caused by rising oil prices
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